-',?-r-f),v'yTJTsJrSA iw" T 'v tNt--,--y i't!jlMt1v,'''Tpiijpiu ' twi fflWjw 'i- ' . ' J 'f,s ' Jy
" V ' ' V,
LvriO-iiiJbAIriiiLi-HA, ALOJNl)Ay, JUL iU, 10 '
jj
ll V 4iixN JLxS j JL' KjMiX.)
1
MX
K
M
-
m:
,
We Suggest
for
Short Term
Investment
City of Paris 6s
DUE OCT., 1921
Yielding lVA?o
Particulars on Request
IMnlillslirtl IBill
&
IIAMvl'.flS
410 Chc3tnul St.
I'hlljdeli.tiln. I'a
SAME LISTLESS ll NEW YORK STOCK EXCHANGE TRANSACTIONS
Members Vein York cute' riuln
ilclphla 8to I: Lt'hnngts
wm
mm
.Traders Offer Prices Down
i Again, but Dislodge Little
! Long Stock
ST. LOUIS
SAN FRANCISCO
RAILWAY CO.
Income Scries 'A' 6s MUt.
(About S47.1. per S1II00. lioml)
Listed on the New York Stock
Exchange.
We solicit orders for these bonds.
& LYI
CUSHMAN NEWHALL
MANAGER
I540 WALNUT STREET
.niTZ CARLTON HOTEL ,
tWVORH W.M. PITTXBUR1H
III MEMBER (R1CK
Uouiv7 -NCWYcrtx. euiuiifia
PHILAOELPMIA
I C PITTSBURGH
tTOCK CXCHANOCl
1 New Vcuti. .Ittl.v lit. The iipw w0
'opened without essentinl 1 linage in tli
j charm ter of Hip tnnikct or dealings
ft om nn.v of Hip linmpilintr ptricdlng
sessions. Developments nvrr the week
end were without linportotirp. or nt
I Position wns pntipprtiPil. TIip profps-
lpat influence In vo fur ni thp ltiaikcl
slnnnl clement who still hail iindistiiitctl ,
enntrnl worn i1it,niei1 tn mnkc somp ,
EiiwawciBsiaa BinaMMimniiini!iHfflflniirBD'iii'inralBS,iign8i5j rn,,itni out of thV n-portd tinent of
hip tniirnnil organizations to reject tno
I proposed mviird of thp labor bonrd. This
seemed lllcp sti etching thp point n hit
too fur. ns until thp commission tnnkes 1
IH nwiird tlip railroad nrganiration
'(oiihl hardly sny whether it would be
I ni ccptnble or not. Outside of pt oilm ins I
I niitimiPil ragged nrh p movements
the efforts of tin- ipai tiuuisls were In
i x nil).
I The netlon of thp mitkct, however,
throughout the sessions indicated trail
1 ert were still brniish. niul. nnturnll.v.
! were disposed to take advantage of
iverv little opening. With publie in-
vteret nt mi extrpnipl.v low phh and
wan uie larger operator, still iioiiiiiir
aloof the operations of tlie professionals
consequently met little opposition. A
n result the market mav be brietlj
summed upns n dog-put dog affair.
S'ltunlav '- favorable bank statemenls
i ii' wtlhout 1 ffeet. but. in a measure.
liateer Rood influptu'e (hey parried
mis inure than ounteibalniieed bv the
i iintiuui d stiff inoiipy I'ouditions Cull
loan i.ile openeil nt II per i eat and lie
1 online t" the Irmrtl reports there was
.1 finilv RKiid siippl. nt the uite. On
the other hand foipign pm Iiiiiikp wns
henvv the l.iinilon rate falling almost
He uiulei Inst week's final quotation.
The tn ml of prices was distinctly
downwnid at the sluggish opening. In
abscni e of hopeful developments over
tlie week -end the reactionary part)
piomptl.v teui'wed their recent selling
tai ties Steel, equipment and oil
slimes uup espei tally vulnerable losses
in those iliiuis extending from large
fractions to 11 point and over.
It.uls began to s.ig wlieu reports fiotn
( 'hit ago inilii'iiteil further unrest nmong
the rniliond eniplovcs. 'The uctip
tiansnoitatton shares averaged 1 point
ilecline and Canadian I'ncilic lost ''. At
the came tune tractions among the oil
became moii eteirne. I'an-Amei ienii
fell L!'1! Hiitits mid Meican l'ctroleum
W. Initial declines in the steels and
equipments were ulo widened materi
ally, espoeiiill.i in Iletlileliein. Yanadiiiui
and Republic while the motors mid ie
Inted specialties lost tluir early adMince
nun enusliierauli
Dlv
Hsirs in f
ill"
301) (
100
1101)
.100 1
ADO
?!
I SID
.ino
I ton
?co
301)
zoo
ton
.M0
I7M
111)
Ml
mo
iJDO
ton
:i3i)
.100
100
.110
1 son
too
7100
no
.100
too
soo
too
100
coo
100
(101)
Adamn KxnrcM . . .
(1 AJax Ilubhcr.
. . Alaska Hold Mlncn.
.. Atanka Juncnu O M.
1 Alllii-Chnlmrrfl
in Am Do'ch Mnnntfto .
7 Am Ilr Shoo & Fily. .
. Am Can
7 Am Can pt
1? Am Car & Kdy
7 Am Cnr & Kily pf . .
4 Am Cotton Oil . .
High
31
CO
Hi
36U
Q0U
S3?4
.191
SO
1304
toon
4?
II
13.1
ttt'a
80 Am lrug Syn
n Am cxprccB
. Am Hide & I.c.itlicr.
7 Am Hide & Leather pf 10
4 Am Ice 41
UAm Interuat Corp ... H'i
3 Am I.ltmced 77
fl Am T-ocomotle D''
.. Am Safety Ttazor .... UH
. Am Ship & Com 'Wt
I Am Smelt & Kef 00
7 Am Sugar Kef 1 V2
7 Am Stigsr Ref pf 109
in Am Sunmlrn Tob nn'i
5 Am Tel & Tel 1W
fl Am Tobacco pf new . 87
7 Am Woolen 87?
7 Am Woolen pf M
Am Writing Paper pf. 4n
Am Zinc Lend & Sm.. 1
I Anaconda Copper .. . '4
t Aso Dry Goods .... 3.1
ti Associated Oil Dt'S
it Atch Top & Santa Ko SOU
H Atch Top & S V pf . 7.1
7 Atlantic Coast Line . . RJ
lisnn 3sn tinlduln Locomotive. .I1SS
ARE YOU LOOKING
FOR AN
EXECUTIVE
A Man ho can assume responsi
bility, ho has initiathe, is ener
getic, enthusiastic and exercises
common sense? I worked myself
from the bottom to the top of a half-million-dollar
company. "Mj 13 cars'
experience has included Merchandis
ing, Manufacturing. Financial and
General Administrative duties and
responsibilities.
Iiioie
rilo III ices jielded enlh under I
1 am mllinc 10 niaic me neccshary i tu'cssurp. it was again cmucih nine
s to satisfy my ambition. , long stock was being dislodged mi the!
iivui' ni-Ai n.'lfVTinv i declines, mid when some of the earlier
iiiavt vni'tf ni.'l.'I'lllT. Til s'IIpis nttPiuptPil to tnl.p in some of tlu' I
sitcc viTir mi" a in ini rhhort lines prices rebound. d with Mir-
iVm.U1 MiAJ9? , uims alacrity. The animated rallj
NECTION WITH YOUU OK- lt muun. in Crucible Steel was a strlk- '
sacrifices
DO T
WARRANT
DISCUSS
kCONNECTION
fGANIZATION
Address
- B 511, PUBLIC LEDGER
" Attractive New Issues
Canadian Nat. Ry.
77 Equipments, 'i'cd 7.10
Ohio Cities Gas. Co.
7 Serial Notes, Yield S'r
Armour & Co.
7 Ten Yr. Notes, Yield 7.7J
Budd Manufacturing Co.
6 Serial Ponds. Yield S
Full particulars upon request
Reed A. Morgan & Co.
Members of th I hlln Sioik I.xih
Weal Knd 7nit UMg I'hiht
tug illustration. Other leaders also
! made modi r.Ue lecovcries With these
I iiillie the trading gcncrall dwindlidi
in the nbsence of public Intel est.
i I.oweiing of tlip all moner. inte to
1 s per cent iiilliiemed a general ioeimg
muiPiiiPiit in the last hour by which
I most of the earlier losses weie ietrieeil.
land in all Hip impoilnnt issues muK
! ing the net i haiiges tiuimpoitnnt.
AETHER DIP IN
I RAPID TRANSIT
P. C. C. & St. L.
(Pan Handle)
Stock Certificates of Dep.
Fractional Bond Script
Bought and Sold
Martin & Go.
1411 Walnut St.
Philadelphia
:;x : w-
Uneasiness Concerning Divi
dend Largely Responsible for
Continued Liquidation
The continued selling of Philadelphia
Rapid Transit constituted about the
only feature of Intel est of thp local
market t'liPi'ines. over the dividend
iiliquestionnbh w.'is again rpsponsible
for the steaih liquiil.itioii of the stock,
which soon fi.-i tin opining carried
the iricn ilow n lit ll.1.. or within )u
of tiic low in.ide on Saturday i
.lust befine the i In-e an odd lot sold1
at l1 mi Nituidm hut 17 was tin
in ii c at wiin h most nt tlie stock changed
hands duiuig tlie tinnl dealings.
I nih'i Ii mg siippm img orders were,
ag.iin i in oiiuteiiil nt the lower cel.
bringing a teimeri hefote niiddnv to
li with n hliiik of Kino sharps cluing
ing hands at that ligurc.
TIip ditPitors niet after the (losing
of the pm liange tins afternoon and tjie
iln idi ml question mav lome up for con
-id'i.it ion Interests, however, close to
thp maiia&enirnt reiternted thp belief no
I n turn will in t.iki n bv the board until
Inltir tie (Inision of the Public Service
( iiiiitiiissinti nn the fare adjustment
iU"stlnll is gill l
lut1. mtirist n;is manifested in the
shins ,,f the iinderl.iing lompnnies
1 11 1 Tl 1 I III I lull
flOO
.100
noo
!00
7I0U
300
1300
4011
300
100
lono
noo
too
r.no
lono
711)
401
ooo
100
sno
2300
too
noo
too
tooo
200
400
1800
0
ion
.on
too
ltoo
1000
1700
'.'00
100
0700
101
R00
101
100
'201
101
loo
inn
100
inn
300
.ion
.100
ion
401
.'in
isn
jno
.10
101
' 40
flKOO
1701
401
700
SOO
100
700
100
(.00
loon
300
201
700
nn
. 200
400
100
too
2400
200
14 700
45JJ
Halt & Ohio .11 Vt
I Baltimore & Ohio pf. 43
n Barrett 143J5
Bethlehem Motorn . . 20?i
II Bethlehem Steel B.... 8fli4
H Bethlehem Stl 8 pM055
Booth Flahcrles 8
. BrUljn napld Transit II
Bkl.in ctfs of dep. Hi
7 Brown Shoo pf 92
10 Canadian Pacific ,...11U
California Petroleum. 130?4
Case Pump Works.... 13H
S f. nti.il Leather 0??
in Chandler Motors .... 07'5
I ( liesipeake & Ohlcr. . . S4?4
Clne.igo & Gt West... 8
Chicago Mil & St P.. 33
i lil Mil & St V pf... . Wi
.-, i hU.iin fl N'orthwcst'n 7014
i hi T. T & Pac 3G'i
- riil H I & Pac 7 pf. 72U
1..VI f'hino Copper 204
a ( luett Peabody 77
I Coco-Cola 37J5
3 Colorado Fuel & Iron .31 W
n Columb (las & Klec... 47
1 Col Oraphophone .... 28JJ
; Col riraphophono pf . . 83
4 Comp Tab Becord.... 48
7 Consolidated Cigar pf 81
7 Consolidated Gas .... 78JJ
2 Con Interstate Cal M. lift
3 Consolidated Textiles. 33
4 Corn Products Tlef ... 82H
7 Corn Prod Bef pf lOOtt
2. .10 Cos-den & i "
H Crucible Mul
7 Crucible steel pf . .
Cuba t ane Sujjar
1 r.ulia Cane SuK.ir nf
7 Cuban Anirr Sugar .. 52 '4 ,2'4
Ilclnwnre S. Hudson . 89 HO
10 Del Lack .'s Western . .200 200
. . rner It.o Grande. y 8V
Denver i Bio (! pf . 11
1 Dome Mines ... "
. Llk Horn Coal .... 'a
ft Lndlcou-.lohnson ... 8S
7 Hndlcotl-Johnson pf. . S0?i
37
. . 93
. . say.
. . 70
Iiw
34
CO
I1
in
3Vi
:.i?J
38H
90
134 M
inr,4
4l?i
It
135
15 ?4
HS
41
S3
70'i
90
Ift
23'i
.W?4
114 H
109
89 ?4
ni
S7
H0U
93
43
14
ft'.'.i
33
91 !i
79S
73
84
M.'.H
31 '.4
43
143
'.OH
88
1054
Vi
104
7
02
llS'i
130!J
13H
02'4
SMi
'i
7?i
32 !i
49Ji
70
3ri
71
29
77
37
31M
it
28'i
S3
49
Nt
78?i
II
32! J
tin
I00',i
.17
150!i
91
50't
70
TeJiiy's Net
Cloin unRc.
34 H
00
m-
30W
o.ns -
A.1H
39 -
90 -!38'5
r
looj;-4i:-11
13S
tnu-
80 -41
t-
77
07 -14
-
23 Vi -
59 i -
124 Vi
109 -
.90 -I
94 t-
N7 -
87 -
93 -
4A -
11
5.V.4
3.1
91 H -794
'
7.1
81 -
inn
31'i "
43
111 - 2
20'S- H
8R - ?
IO'3
74 - IS
I0fi - 4
7 - I
02 - 1".
tlDTo- I'j
1304 V
13- U
C35i I- H
07',S '5
SDlT 1'i
8
33 - H
in - Vi
70t,J - Vi
30H
71 -29
-77
' 374
31!
Mi
'.
IT
!i
'2
!i
1
4
VA
14
34
M
t
ni
Sale In t llltth
100 Knvser S. Co 18
309 4 KellySpg T 08
90 j Kennerott Copper . . , 2
00 1.20 Keystone T & R 27H
000 e Lackawanna Steel ... 724
'00 fl.fto Lehigh Valley 42
2 Loeu e Co ta'A
. Loft Corn IS
4 Mnckay Cos pf . 0
. Malllson & Co H R. . . 20
2
?t
Lrle K
i:rie 1st pf 19J4
. Hilc Id pf 13X
8 Famous Pl.ucrs pf .. 87
3 Fisk Rubber M'i
Gaston Wins . Wig . W'S
2 Gen Am Tank Our . 02Jo
General Chemical 170
7 General Cigar deb pf N'
1 General Motors 2A'i
6 Goodrich B F 00i
.. Gray Davis ..24
7 Great Northern pf. G9J;
4 (it Nor Ore ctfs .... 3.1
. Gulf State Steel .... 48i
4 Haskell & Barker Car 72
Hendee clfs . ... 31
Houston Oil Co I)7'4
I Hupp Motor Car .... UJ4
7 Illinois Ctntral 81
cn Iudlahonia Bef "h
4 Inspiration Con Cop.. .10
Interboroufth Con .. . .14
. Inter Con Corp pf . . It
o Int Mer Marine pf .. SI 4
. Internat .Motortruck.. 58
7 Int Mo Truck 1st pf . . SI
International Nickel.. I7H
International Paper .. 81 V
, Imlnclble Oil Corp ..
Island Oil 7
4
11
9fi
22
841,
9(1
124
ION
ii
, " -
nor,
i2r
2 Ti
170
HIS
24 !i
58?S
23
604
35
S8?i
70K
31
934
15H
son
7H
n
34
104
814
5S
NI
17
83!'4
4.1 H
57 3
2H4
81 49 -
8t f
78?i
nn
31
92
100!, lf4
37
151
93
200
5'4
II
?4
2-1
85
00 f
124-
194
I34"f .87 -31H-
12 H
85
24 H-59?-24
!i -C9n
35 -589-70J4-31
93 4-
I'.
!5
24
H
Ti
14
H
'
4
4
.
1
1
!'4
'A
4
1
li'l
l?i
SJl-
Hon-
VA
40raf
.14 .
4 -1-5S
-81
-I
17H
0H-
!'4
H
1H
lion
loo
200
200
100
100
too
1100
3100
too
200
1700
1000
100
100
700
1003
200
200
200
500
109
200
200
.100
.100
100
400
1900
100
1800
100
1800
100
.100
100
100
0000
900
1.100
400
900
4000
1000
200
300
300
200
700
9200
400
2600
100
1400
501
1600
2100
300
100
200
1700
301)
100
300
800
too
2490
9500
ion
40
1000
800
1700
10100
100
900
8S00
400
000
linn
400
100
2200
5500
900
700
1.109
300
100
1900
NOO
9400
NOO
700
choo
500
ion
too
6700
400
700
300
NOO
400
200
100
1400
300
1400
1500
ion
200
100
200
7 Manhattan Hlcv BUar. 42
S Martin Rockwell .... . 48
2 Mnrlln-Parry 224
.. Maxwell Motor 20M
1(1 Mexican Petroleum ., 91
A May Dept Stores 814
2 Miami Coprcr 204
1.00 Middle States Corp.. 2IH
4 Mldiale Steel & Ord.. 40Ji
.. Mo Kansas & Texas.. GJii
.. Mo Kansas & Tex pf. III4
. . MlFsourl Pacific 254
. Missouri Pacific pf . . . 42 H
.. Montgomery Ward ... 32n
4 Mullhis Body 3714
Nnt Aniline & Chem.. 31 Y
Nat Con & Cnble 814
tl National Lend 70
. . Nat R R of Mex 2d pf 34
1 Neiadn Con Copper.. 124
10 New York Air Drake. 100
,1 New Yoik Central. .. 0834
N Y CM & St Jj 2d pf 52
2.30 New York Dock
. New York N II & H
I New York Ont & W
7 Northern Pacific . .
5 Nova Scotia S it C.
40 ok la Prod & Ref ...
8 Otis i:icator
. . Otis Steel
3 Owens Bottling: Mach. 484
4 Pacine uovel Corp... 40
fl Pan-Amer Petrol . .
7 Pan-Amer Petrol pf
3 rennsyiianla R R...
. . Pete Marquctto
3 Philadelphia Co
. . Phillips Pet
.. Plcrce-Arrow Motor..
. . Pierce Oil
8 Pressed Steel Car....
ft Punta Alere Sugar. .
4 Pure Oil Co
I Ray Con Copper
4 Rending
Beplo Steel
0 Republic Iron & Steel.
. Republic Motortruck.,
5.:o Royal D N Y rts.
33
2n
IS
71 5s
52 H
A
125'4
4 4
102 S
nafi
304
24!',
34 i
41
41 ?
in
90
99
40!4
10 V,
8SJJ
83
on?
439i
1137
Santa Cecelia Sugar.. 214
St Louis San Fran... 25
St Louis Southwest... 154
st lxmis Southwest pf 26
Kill's 3.'7 100 h.r compared lthl34 000 ihaies Saturday
t St Joseph Lead.
fl Sai age Arms
Saxon Motor . . .
Se.ibo.ud Air Line
H Sars-Iloebuck . .
.7 I Sliell Transport . .
. . Sinclair OH
fi sloss-Shcff
6 Southern Pacific
. Southern Rail . . .
5 Southern Rail pf
20 Standard Oil of N J.G40
7 Stand Oil of N J pf..l054
4 Stewart Warner Sp.. 404
4 stromberg Carb . .
7 Studebaker ,
c Superior Steel
Tom Cop & Chem .
10 Texas Oil
Te.s & Pacific . . .
.GO Tex & Pacific C O.
. Times Sq Auto Sup
Tobacco Products .
7 Tobacco Products pf. 884
.. Transcontinental Oil.. 14
. . union on
in Union Pacific
12 United Fruit
3 L'nited Retail Stores.
. L'nited Ry Invest pf.
n V H Food Prod
8 r S Ind Alcohol ...
. . L S Realty & Imp . .
8 U S Rubber
8 U S Rubber 1st pf .
BUS Smelt & Ref . . .
ft U S Steel
7 U S Steel pf
B Utah Copper
A Utah Seo
fl Vanadium Corp , . . ,
2 Vliadou Inc
Wabash
. . Wabash pf A
.. Wells Forgo Express 00 34
Western Maryland . 0
. . Western Pacific . ... 29
I Western Pacific pf . . . . 05
4 Westlnghouso K & M. 48
4 White Motor ... 51
. Wickwlre Steel . . .11
I Willys-Overland .... 184
7 Wlllys-0erland pf .. 824
ft Wilson & Co 56
7 Woolworth pf 103
0 Worth Pump GS
Ki-stlildcnd.
15Ji
. 49'
. 84
. 74
.1424
. 744
. 31
. 70
. 03
. 294
594
84 ?4
704
50
on
464
19 M
464
30&4
G6J4
. 31H
.115
.700?;
. 74
. 294
. 044
. 88 J4
. 574
. 934
.106
. 47
. 91 J,
.10S
. 074
. 8
. 844
. "4
. 84
23 2;
lxiw
08
9J4
244
204
72
42
24 H
14 4
00
20
42
48
334
IB
87?J
814
204
21
40'4
64
114
244
41
37 n
374
214
84
76
54
12
07
CS4
43
3.1
294
18
704
62 X
44
1244
24 4
84
46
100
95
Mi
24 4
.13
30
59
144
954
99
404
in
874
8255
884
4.1H
112?,
214
25
14 4
264
144
404
84
7
14.34
714
3934
70
924
284
504
640
1054
.19
79?4
G84
50
ox
454
39
4G
30
064
8S4
14 4
304
114
200
72J4
194
64
87
57
314
101
57
994
107
074
8
83
ie?;
84
234
59
04
20
G5
4H'i
50
20J4
184
824
56
103
074
Tod.y's Net
dole Chge.
98 3
334 2W
25X - 4
26-M X
724- H
42 - 4
2.1 - X
144
GO -t- Vt
205
47 - 1
48-7
224 vs
19 - 14
91 - 1
81 4
204 ..
31 - X
40X- !i
G'i .
114 4
254- '5
41 - 1
324 n
374- 4
21 n- 14
84- '-i
76 - 4
54- 4
12 - V
100 - IX
G84- n
r.3 3
33 X
20Ji - 4
18 - 1
714
52X Vt
44 ,
12.14 '
21 4 Vt
484- I
40 - 14
102!',- 14
0.1 x - ?
39X - 4
24 - I
33?', - 1
394- 14
SIX -I x
144- X
9.14- 14
99 .
1014- X
10 - 4
8SX - 4
87 4- 14
90X
13 f
1134
214
244 -
154 -
7C4 - 1
CURB OIL ISSUES
IRK
AI LOMELS
Loaders In Group Sacrifice One
to Two PointsList Un
der Prossuro
New York. July 10. There ws,s sig
nificant wenkneis to the market on the
Uroad Street Curb today. Many stocks
that have been carried by importnnt in
terests were under pressure, and the
petroleum group showed losses ranging
from 1 to over 2 points.
No one seemed to have a clear idea as
to the rnusp of HiIh pressure, but there
was a disposition to link it with the
declining movement on the btock ex
change and assume that it Jndicntcd a
belief that the banking Interests had
again taken an aggressive attitude to
wind speculative activities.
General Asphalt, which is about the
most Important Issue on the Curt),
dropped from Cni to 07. and a num.
ber of other prominent insues. Including
Marneulbo, yielded about 1 point. Carib
Svndtcatc, which sold at Mich extrava
gant prices a year ago. wos-mic of the
weak features, falling from !. to'-Vi,
the lowest price touched by the present
issue of stocks. Aetna 1'xn o-sives was
hi supply, declining from ll1 " j1;'
The candy shares were heavy at re
cently established low levels.
INDUSTRIALS
Illah
a
ll'j
. w
. 11.1
. 1ft',
. Ill
. .inn
. . as
isn u ?
40 ', - 4
84 - 4
7 - 4
142 X- 4
744- IX
31
70
92 U- 1
2SX- X
494 I 4
040 - 7
10.1 X- 4
.19 - I
HI r 2
70X- X
50 - 1
OX
454 - X
394 4
4 64- 4
30X - 4
G6X X
884 .
144- 4
31 4
114X 4
200X 4
"J4- 4
194- 14
04 X . .
87 IX
57 - 4
9i4 - "4
04- 14
57
9 14 4
107X- 4
074-1- 4
8 - 4
84 4 - 4
174 4
84 4
23 X X
G0X 14
OX 4
29
G.7 IX
484- 4
61 4
31 IX
184-
824 4
50
103 - 1
Acrnn Coal
Aelna Explosives . .
Amsr Chicle
Amer Chicle prct .
Armour Leather .
Armour Loitl.cr I'ref
lAirUen Cons .
Ilorilrn Cons prct
Car Light
t'onley Tinfoil
Chicago Nipple .
Columbia Emerald .
Continental Motors ....
I) w Griffith
Empire Steel ;
Empire 8tecl !p Pr'r
Empire Mleei ape mc
Caracas Sugcr
Dom B S Co
Dominion Steel
Uardner Motors . .
Ueneral Asphalt
Qrupe-Olo
drape Ola pref .
iiuraunc me- ,
lljdraullc Steel pret .
Ilerculci Paper
I.lKKClt Intl .
Llbby-MeNell
Mercer Motors .
r.orth Amer Paper .
National leather
Natl City Uanlc rts .
New Jersey Zinc
Perfection Tiro
Radio Com . .
Itaillo Com pre' . .
Submarine Uoat
fclngcr MtK
Sweets Co . .
U 8 Steam
United Plct Prod .
United Pront Hharln
United Hetiill Cundi
Union Carbide
VI1I s Corp
Vllls Corp 2d pref..
Wm Dailts
STANDARD OILS
v.-ArA nil f NY.. . 3i
j3iniiu-iu ". -
1NDLTKNDK.NT OILS
AlltfU vu '
lloone Oil . ,
lloston Vomlmt
Carlli 8n
Cushlnc Pete. . . .
Dominion Oil . .
Esmeralda Oil
fedoral Oil ....
Olenrock Oil
Kay Countv Gas .
I.ance Creek .
Maracalbo Oil
Minhuttan Oil .
Maracalbo Oil . .
Mcrrltt Oil ...
Omar OH .
Prod 6 Reftners .
1'anhnndle pret ..
Red llnck Oil ...
lloal Dutch rts .
Rov do France ..
Salt Creek Prod .
bhell Trans rt. .
Slmms Petroleum
Skelly Oil ....
Superior Oil
Superior Oil rets
Teas Ranker
Loiv
JH
lt'
40
lie
15
'.II
101
St
IS GIVE
EI
AND MAFFAIR
Traders Played Only for Small
Turns and' Shifted
Constantly
Financial Bnoj
If
. 24
. IH'i
. 7
. 0'i
.105
. :ih
. Ml
. lift
. ft.V.4
. 01)
. 6im
. 'JO'i
. oni
. 2 A
21
. 29
. 72
J 7
104
. 12'.
17Yi
7i,
. 11
HI
111 ft
. 2 A
. 1"
'.'
30 4
.125
. 14
. '."4
'J
. 14
13!4
(15' j
. ji)st
24
l'J'4
11
U'i
10ft
33
All
lift
M'k
no
RHVj
J0.
(13 "U
211
Jiin
'uJj,
Hl'l
7
11',
nt
194
2V.
3ft Vi
12ft
IX
IX
IX
14
13 Mi
(15 W
IHVj
J 5
39 S
37.2
l.ai
.1
1U4
411
Oft
ift'4
II 4
111ft
Nft
2.
24
124
ll
X
10.1
33
60
111
ftft'i
00
69
20X
(14
2
211
7J
27
104
124
17H
7X
U
111
194 '4
2.
3U'
i.
13Mi
(15 'i
1H4
25
3US,
3,
I'.
15
10'.
t
2'h
2.S
lt
'4
2(1
-'4
III
16t
3'.
OX
(15
Trnnlrfll Oil
Un Teias Oil
Vulcan Oil . .
While Oil . . .
32V
ft
3(l
21X
lft
IOX
inij
ID
l)ii
10"
lft
'A
13
s
10X
t.
24
J'i
IX
X
24X
7X
2Vj
lft
3X
nx
(15
.'
SIX
ft
aiiU
21
14X
lll'i
ni'4
l
1
id
2't
IN
26
iA
13 ,
10X
A
2'i
JX
IX
X
247X
24'a
lftX
MX
(IX
or.
i
32
ft
3UX
21
is;
inx
1B'
IV
Tt
MINIM?
H
Commodity Markets
1 that mote were indicated for tonight
, and tomorrow cliec keil n more general
- selling movement
r,,k. miADicT i 'l'll nrriinl ot about 10,000 bales
GRAIN MARKET from Norf()lki Saturday und today, was
(Imago. .lull 1!). IIii.miu of wheat taken to forcshudovi larger notices b-
wiis . ni ..1,1 ngid liere todu b.i (omniU- tween now and the close of .July trading
sion ii" iso, and foteed niieriiig l).v 0u Frida.i.
shoit. 11 i i.illiml nr ces sliarplj atler 1'reii.u,
nenktKss The earlj losses wet e caused
hi pressure fi om comniif'sion comcrus
and 1 ish interests.
Ituls mi No, '' red or hard winter
wheat ti. arrive on track here were down
ns nun h as n cents irom nanirnuj s
off(rs nt sj ll" Kor the fiist half of
August tin figure was $ti.0L for all of
August S' dO and for the first half of
September S'.,.."7 Rids for export were
1 lent higher to 1 cent lower
There wetp icports that huge Miles
inuile lor stiip
Julv
Octeber
December
Jjnuar.
March
Msy
rlois Or. n Ilish l.nw Cloie
41 10 41 00 41 7ft 41 110 41 7ft
3( 72 31 00 31 21 34 7.1 3ft OiffiOS
33 OK 3.1 50 33 111) 33 11) 33 404ft
32 2H 3.' 71)
31 01 31 f'.
30 71 31 11
Philadelphia Stocks
Net
chge.
f uhffii had been
linn ll,uttn . ............ - - . , t i
mi small dealings was I inert uhiund during August fiom the
r.L'si, Philadelphia Trad inn (!ulf.
ill .lleiiiigs chopped Sl.'J.i to ,.'' Tindc in inrn was quid nun tlie mar-
Decern -
H if. ni si, all .lleiiiigs chopped SI. -'." to ,".'' Tind' in orn was quid and tl
5 10 fihn,rcs EST COAST F1SII- ' 'I i id i, hk, wise was extmneh hgln iti,kd foiion.il wheat. The start w
f EIMKS PRODUCTS 7 pre- th. ..th.i utilities, Pliiladelphta EIpi lernlh linn under the lead of
' fcrred '' "" '' "' ''"' -"nie sttnug supp.ut when , br
200 shares EAST COAST PISH
ER1ES PRODUCTS common
Trust certificates
Will Sell .i InitH I Preftrrrd
With .T Common
WM. II. FAUST
I'lllllldelpliia National Hank lliE
rlilliiilrlpliiu I'u.
J.oinliiiril .lllill Main .'lll-:ii:
"
:t:
the nine .haded lindei U'L!'... I nil
(l.is liiiinneiiieiit win :ls loner nt 11 't
n tlnng inn. 1 1 is to be snid concern
in,; th. indolent dealings in the oilier
I. ,ll shUH-i I. Iconic MOIItge IlfUtltl
S '
ea
: : : :&
Electric Storage Battery
Warrants
Bought and Sold
Townaend Whelen & Co.
,101 ( lll.silM I si
frn. iiotiall.i liiglu i' at the outsit iiiiIh nl men ciuittin
ii I I'll .. but latei mlded M to UK'.
'I In w irrupts IM'te fin. tnuialli higli
ir it 111" i. but shaded with llie st, ',
to 1S,li. Prill on small sales lost ',. at
I'Ji.. Ainerl. an Stores was ', h.nci
ni H's. Amiciiiiiii (ills adiiitiied SI
to .'17 and Insiiinnie Co. of N'oith
Aniprii'ii was up '.. at 'JO'j.
What Intl'1 hope there existed of
I easier nn .in i market condition in the
llllllicdlllte fiitllic were lllllstill tn "tnitll-
let ceils todai In letteis reieiicd b h
lllllllliel c.l tlie ul 111 l Ollliuissloil hull".
fiom tlnii New York i one spun, h nt -I
intiiiiiiliii'.' (lie pos' ihilili of iiuii h lnglicr
learning hnrges in the fall It mis
I suggest, il sm b infin Hint ion should I,.
unpin t"l '" 'he eiistonicis in order that
.iii.ii lid lentuies would tint be made in
if... t ... sifi.t nffei nips ineienhed anil
reie.-H.ns occurred. I.ater the Belling
liressi ie decreased und there won n
ralh helped by th d weather in
some .cdiniis and tlie possiuuuj "
fid. imgs fiom the country were small.
. niin. .. titufntiriri" of decreasing t'e -
" -i - ;.. :. i
nipt 11 was thouglit tnai cni" ""
c oi.i voiilii be sean'c when the niove
m. nr ..f vi heat sets in. Crop news was
fiiimiihle The e ash article was higher.
Iieiilmgs in oats were hIoiv nnd fea
tureless The market followed corn.
( ish oats weakened, belling at n decline
.1 ! to !..(
a nnt- fu'ures arsed as folln!.
Mr.
i
Var ll
'irn-
I s nr
ni(
Open
ft I
2 SS'4
1 40X
!.:
Illah
2 01
i r,2X
I 3tiX
Low
2 4N
.' 52
1 4SX
1 3.-.X
r 01
FOREIGN EXCHANGE
e York, July 19 The European
exchanges were In sunnlv at liberal con
cessions at the op'nltii,- of the foreign
exchango innrkets tins morning. j;
mnnd was off lt fianrs off 2. nnd lire
4 polntf.. Marks weie olf 2 points
Quotations were
n.manil uterllnr unn IRft'i. cables
3. 80; franc cables 1:1.5 checks. 12.07:
llro cables 17.10 dinks 17 12; Swiss
cobles B 64 checks i 50 , Delglan cables
11 36, cheeks 11 37 guilder cables 3S.
checks 34 X. pesetas eahles 16. chccKS
1E.9S; Stockholm cables 22.10, checks
22 05, Chrlstlanla cables 10 80. checltH
16.75; Copenhagen rabies, 16.60, cnecKs
10 56; marks 2 M
MTUlini si iiu QUOTATIONS
Sterlms l"r ,n s I.Ira Guilders
n . S &7I. I m 1 11 C1CI .1.)
I.e. ni...'. " "' . '- " "' '. nli
Cables .1 sH II '1(1 10 07 35'i
'()D1 - HIM li. Ql iil'ATIOVS
Sterl na Franra Lire Oullrters
. 3 MX !. 07 17 12 JJ'i
.) HI U 01 17 1U J5
S'OOS- QCOriTIONS
Ht-rllTu Krsn.s Lire Guilders
...3 Mly 12 07 17.12 '4H
. 3 81 1.' 01 17.10 35
CIaSI.r, qi OTATION9
Htcrllni! I'ranrs l.lre Guilders
1 M I.- 12 17 17 J4'4
3 35', U Hi 17 15 3.
,. . t, lliah I.nw Cloie
IS Am Stis 41. .tt ,u
10 Am lias .",7 ' :;t; ;(t!
10 Drill .1 ( .ji ,j2', 4"U,LL 1
aii:i s.or iio'Insvini; i
r,l , d" "'": l!,'H IS'li 18'V a
HO Lake Sup 1.1 1 i;ti', y,Z. d
.1 i.en .ov. till
17 Leh Vol . I'J.l,
TiO" Pa It It. .'inn:
100 Pa I W r,l ii
.r)0 Phila Co
nun pf. .'in..
.111!) Phil i: re liL'i:
1M" P K T . 17 "
.10 Ph Trai t r.:s
500 tlteadiug KS'-.m
50 Ton Ilel in"
f.Tono.Min 1-
7 Cn Trac. L'si
10H C (I .. inL
(SO
lli'j
.1DV,
fll K
(10
- u'i nivi.
.r 1 j
To.?,
re "
iSH
Ms
am',
11
-1
U4
VM
17
r,-2
S8-i
in 1
"s VH
MA
2814 i
" W
Vt -.I..-.. .
.... on N,wToXS?0 SCi'n';.? W"h '"'
iw... .".en niis shares
2714 shares Satuida
compared with
Demand
Cables
Demand
Cables
Sales in
11000
7-10 Am fias &
Klec 5s... 71
.'! Klec & Peo
Ti Is ... ,-,.'!
1 I.ehigh Vnl
gen Is. . . op .
2 do geu I'.js 71 '7
.1 T .U f, I.
J l.lO DOIlOS
IIOMis
."..1
III
7n;
Net
Clone ihge.
71 -
5.T . .
I11I-J
l.emand
Cables .
nx
ft '4
70X
7fiX
lft
GEO. A. HUHN & SONS
UTOrUS AND It.iNDSl
members of the IMilliuleliililii, ,n
ctk nnd TMrsco utoc'c fcrlmnsrs
New Vork CnMrn 1 Trhnnffe
Commlilon Orders Executed In
All the Prlnclci' Mirkts
UKI.I.UI I'll COURT IILDU.
1410 Walnut St.
Nl'.W YullU nl I ICK
111 HroaUway. N.iv York
1gi1.il an. ' 01 ini piniiuiiir sun inn II. i
iiiis ahead. I.ocalh tnnne.i was tight
as .nr 111 so far as Kto. k maiket uc
e i.iiiiiindalions aie cone 1 rne d. it was nr
tun'li uiiobtiiiiinble
I en
Ill's
Sep.
I -.1(1
Oil
He 1.1
. Ribs
I Jul
Sep.
2s sj 2R '.0
1!) RR
.19 r.n
2n no
19 61
in m
la 37
.17 01 17 lft 1102
1 12 X
1 .inx
7nI
27 in
28 llrt
in ss
10.43
in (12
16 02
German Bank Statement
Iterlln. i lie London, Julv I fi The
t .ic 111 snt "f the I1nperl.1l Il.mk of i.er-
iii.ii. Is-cuid Julv () shcvn the follou.
,g ctlllllKen iuiui s.iin unn oinion m-
BANK CLEARINGS
Bank rlearlnjs 'cirlsv rompared with cor
respondlnej dm lni mo eara ,.
l"-'n 1010 .,n.l,8nu
Phll.1 $-' -' Old 106 ftllj.0.14 )5'''?"'SIi
no.ton fto 7S4 51" 4I1HS1253 40,ft78,93T
llalllnVe 11 346 7J3 14 2.11.241 .
N Y r.77 SI 4 16B 4711 5J4 KRK 412 OO'-UJi
C hlCSSO II I 41'- .'is ni. nie- it..
HI. IOUH 35 10S 053 34 630 547
87.393.7U6
71'l'4
2d4'4K., K.'.on ;,-, no si on u
1 VJ '"11 ' ' K. . N. () S,-, OA L- of) ' O?
n "- 4Va..
H
Ij
I0'l
Proi
I -lis
B Penna R R
lenip etfs.lO.'i
13 Phila nice
1st 5s. ... SI 1 , M
11 United Rwj
Invest 5s fid cj-.i
Total. J71.700 coniMr.d
Saturdas "
10.1
SI
1 00
with
Aliarado ,"::
Alaska-llrll Columbia
Arlrona Olobe
Ilelchcr Dlilde
llelcher Ux'enslon . .
UIB I.eaue
Iloolli
(Jalrd Mln
Calumet . .(eiome
Canada Cop
Candelarla Mlnlnn
Cons VlrKlnla
Corler. Sllier . .
Crtsson Clold
Crrse.nl MaeNamara
Dundee Arlrona . . . .
Uurekie Croesus
HI Haliador
(lolden aato Kxp
nnlii Cons ...
Oold Development
Oold silver I'ich
ISmma Silver ..
Hecla Mlnlni
Iron Blosson
Jumbo Extension .
Knox Divide
Louisiana Co
Marsh Jtlnlnit
Mother Ide
Murray Moc
North Star
Nlplsslnir
Ophlr Hllver
Trlneo Con
Ilochester Mines
San Toy . ..
Sliver Kind of Arls
Hlmon SI.
Hurcess Mlnlns . .
Tonopah Belmont . .
Tnnfiniih Cash Hoy . .
Tonopah Uxtenslon
Tonopah-Jim Hutler
Tonopah Midway
Tonopah Mlnlncr
Tonopah Mlipah
Tonopah Rescue Kula . . .
Unlten Kasiern
Vlptoi v
West Und Con
White caps
White Cape IXer.sion
Wllbert
Terrlnslon . .
IIOMIS
Allied Tackers (Is
Amer Tel of '24
Amer Tel 6s 1D22
Armour Co 7s
Analo Amer Oil 7Xs
Ilremeu 4s
nerlln 4s
C (" (' SI 1.
Dresden Is
DanilK 4n . .
French Is of '10
Ooodrlch 'I' 7s ....
KamburB 4s . .
Munich 5s ...
Hlnclulr Cc.ns 7Vjs
Slvlsa ft',H
Bouthwest Hell 7s
Htultuart 4s
Texas Co "s
s.l.nna 4
'A Western Klirtrlc
1 ('. II
Vj
2X
li.'
IX
'.
IX
5
6
X
11
17
76
ft
sX
10
I
.11
IX
1
l
n
IX
11
!l
li'"'
in
2X
6
In,
Id
IX
4
2X
fid
1
in
7
.1
11
3U
A
ft
II
X
11
r.7
76
8X
"4
X
10
I
31
IX
4
IX
6
li"'
s
16
VX
ll
IX
10
IX
I
18
It
li
4
3
4
:x
;.
X
X
Id
7
Stoclt sales lodov on llie New orI
CMhange, ai compiled by the Eicnlnff
Sun, totalrd 305,100 sliare.i.
New Yorl,-. July 10. The New York
Evening Son's poslng finanplal review
today pays:
The stock market opened thin morning
with traders In a gloomy mood and the
main movement of prices during the
first half of the session was downward.
Not until losses of 2, or fl points had
been registered bv the IntluMrlals and
nf a point or so by the tails, did the
list show any rail) Ing power. This
change in thp coursp of prices was
brought nbout by n drop in the call
money rate to 8 per cent after having
irnrwcd at 1) per cent.
Threats of n widespread strike of rail
way employes In case the woge awards
to bp announced tomoriow are not
satisfactory was the general reason as
signed for the fHrly unsettleinent of
stocks. At the same time, the high
call money rate added to the pessimism
which has been rampant in trnding
circles for thp last week and the pro
fpsslonal clement proceeded to operate
on the short side.
Conspicuous issues Mich as Ilaldwln,
United States Steel, Mexican Petro
leum, Studebaker mid United SUitcs
Rubber wetp pushed well under Satur
day's closing levels olthoueh solllm?
was not heavy. Thcie was virtually no
demand for stocks In the forenoon, oave
nt concessions, and bear traders hud
things pretty much their own. wav for
n time.
While the railroad strike threat was
disturbing. It is doubtful if thp Street
tool; it ery seriously, although short
sc lers made a lot of it; at any rate,
lailroad shares were not ni ..nt .,
the industrials, prices In this quarter
iiii-htij r...KKiB irom a traction to a
point before they diet support. Read
ing was down a point nt 88 nnd South-
oi n (tnilwoy .uelded to L'S",. Trading
"pi i sections of them,
riiat it was the monetary situation
with which traders were coiipprned as
much ns anything else was evident from
the (piiek rally which followed the eas
Ing of the call rate. After roiiim. ,!.,.
to ll.i'ls Ilaldwln rebounded to above
lie ami Steel common, which in the
early dealings wns down to 00'A, came
back nbove III.
nie neekly bank statements dls
closed some slight improvement in rp-
""' position, nut it was insiimcient
to warrant any expectations of impor
tant change in money conditions. The
daj s market wus nothing more thnn a
professional givc-and-tnkc affair, with
traders playiug only for sinnll turns,
t onscquently, quotations shifted rap
idly, the mnrket nppenring very weak
at times as short lines were put out and
ngainst displacing strength when con
tracts were retired.
The market was obviously nwuiting
tlie wage award scheduled to be an
nounced tomorrow by the railroad lntjoi
board. Tf this is accepted os satisfac
tory by railroad employes it will per
mit the tail stocks to nntlcinnte nn In.
creasein freight rates, announcement
..Minima uii-ii is cspccicu in hip near
future.
In thp last hour many stocks recov
ered nil of their early losses, and in
numerous pases showed small net gains.
This was the rpsult of n general cover
ing movement by the shnits when thpy
discovered thnt the raiding tactics were
not causing n reduction of liquidation.
Baldwin Locomotive pxtpndpd its rally
to above 118, and Mexican Petroleum
moved buck to nbout 100. Trading con
tinued dull up to the pIosp, and there
was nothing to suggest that the rally
was caused by nnj thing more than the
oversold condition of the market.
Cottonseed Production
Washington. July 1!). The Census
Bureau tins Issued tlie following cotton
seed repoit covering llie period from
August 1 to June 30: Cotton-seed
lecelvec! at mills, deluding reshlpments,
4.007,357 tons, crushed. 3,900.030 tons
Production Ci ude oil. I.207.r.7n.!l3t
pounds; rclliieil. rjfiO.109.2B9 pounds,
cuke and meal, 1.S12.1G8 tons, bulls.
1,138,306 tons, llnters. COD, 269 hales;
hull liber, 14S.688 bales Stocks on band
Juno 30' Seed at plants, 3I.39J tons,
crude oil. 4S, 506 628 pounds; refined
326.069.62S pounds
The average price of twentv ....
Industrial stocks ndvanced n 21 ctlvt
cent on Saturday to 90.24, while iL."?'
railroads advanced 0.19 per ct 't'
Tlie Atchison, Topcka and Ram,, r.
Ttnllroad today applied to the InieJli.'I
Commerce Commission for nerini.ii?i f
Issue $9,243,000 In common stock ii'9
place the samo amount or 4 per cone .
vcrtlblc gold bonds of the Usue of I91V
The Mohnwk Mlnlrur Co. prod...
during June. 754.304 pounds otco.
Wolverine Copper Mining Co! , l
pounds nnd Michigan Copper Stlnlni'!v
130,392 pound!). ""'"i? Co.
Chnnfller eS. Co. nrn offering I7a
shares of Manhattan FJectrical ?!
Co inc. stock without par vsuM
$57 n, share, llarnlnga n 1919 .,:
at the rRtc of over 10 per shata
new stock. Its Intention Is to deeln-.
dividends of JG per vear. '"
NEW YORK COFFEE MARKET
Nejv Yorlt, .Tulv 10. The coffee tlinr. il
i"l uic-iu-ii ill iivrillliK 01 Jtl 10 -llpnhtl
this morning, with September selllne ,, !
the lowest point reached since the u.f
or 11.30c. The previous low un 0D'
duly 1, when this delivery touclmS
11.40c. m
The continued wenUnrss In Hmn
futures leads to the impression thtt
bears are still in control of affairs there
nnd It is dlflicult for local bulls to make
any headway In the market here,
There were further predictions nrnnci
the ring this morning that ten rent
coffee futures would be realized beforej
tup ureaK was permanently Cllfckfd
At the end of the first hour, Depember
had sold off to 11.40c, or a new low tn
thp movement.
Itrazll Is not disposing of her coffee '
nnd the new crop is well under wt
with receipts nt the ports Incrcasinj
dally. Kuropp lacks buying power aad
there is no incentive for merchants here
to buy heavily, even though present
prices seem very low, as prices nre de.
dining in the cost nnd freight market
where holders In Ttrazil are trying to
find n IpvcI wljich will prove ottrnetivt
to buyers.
Just brforp midday, n Wall street
hoiisp bid prires up 3 to 5 points when
a lull appeared in the offerings.
Open lllRh Low Close r,n,
Sept. 11 3(l32 11 3.1 11 20 11 2182'.' ij !!
Oct. Ml 30 . . .. 11 244125 iiS'
Nov . . 11 27W2S ll'cij
Dee. 11 4G3C0 11. SO 11,30 11 30(431 It r,t
Jan 11 32M31 1170
Feb . 113IW.15 11,5
Marrh 11 3063 ll.ft5Tl.37 11.3I1B37 11 74
April. . 11.305(40 11 ;
May. 11.nn04 11 OB 11.42 1142fflH 1171
July, "'.ftft 12.25(435 12 :
AUK. .. 11.3132 11.M
Hid
6
X
11
r.7
"0
.1
,.
4
33
IX
4
IX
6
IS
13
II
,1
1
2X
II
ll'-
Boles Westwood
MemT3csi'3 Phila.piock.Exchande
INVESTMENT
SECURITIES
LancLTitle JBldiV Philadelphia
PHONE LOCUST Z016
I ofotA&?faHe?
EDWIN J.5CH0ETTO CO.
BVPRBQXBSXMAlLlNGfnJDBS
J55N(IRlHll5 vSlREET
PHIjUA..
Bonds for Investment
Circular t'p'n rten'ifst.
The National City Company
Correspondent Offlctt (n Ovtr 40 CIKei
lMilliulelphlH 1421 ClieHtn.it St.
Atlantic City 1228 Iloardiralk
NEWBURGER,
HENDERSON & LOEB
Members New York and
Philadelphia Stock Exchanpes
1410 Chestnut St.
(lovernmrnt or Switzerland... . S,, BIJ
It. ttajne. III11ITI011 V llarlon .. Js. IJJ
Indiana Servlre 1st cV Hefir. . fts, g J
Indianapolis Trurllon A Terminal f, "33
Indliin.iiinlU Street llalliray.. . 4n, Ml
IVeMnuV- I iniiimin 1st. Coll. J "
Canadian National Hallway . 7,. 1051
SIMUKI, !v, rilll.l.ll"4 A (II.
Mrml.rrs riilliiifrtnhla Mork Ilitltanre
607 rilFXTNVT ST.
118,000
cotton
Armour !t Compnny 7s, 19.10
Cleveland Klec. 111. 7s. 1935
Hershej (line. 7tjs, 1930
ShalTer Oil & Ref. (is, 1929
Pitts. McK. & VoiiKliiu;lienj 2d
6s, 1931
American das & Klec. ciimmon
Gillette Salet Ruor
Hale (V Kilbuni preferred
BGSNNIHG, GARRISON & GO.
nl.i i
v MinUr I'hlla. Hloek
STOCK K.('llM.r. Ill II.IHKIi
riraie eircnonr i .e lorir
AAtnaiise
COTTON MARKET
V.u- York. July 10. Th
rrniket opened firm this morning nt nn
advance of 2 to 40 points on active buy-
;,r.,.e.i 44LOOO marks: told . crease . I l New Orleans also suniic'e, n n ngin.
mini, ireusurv notes uiere.is,,i .n .,-,. stiirting ut nn iiilvuiue oi o to iiu
n)f) . notes of other banks ile-nc.es. d points.
i,83(iii'i hills dls. outiteci .u ( r.-,c ,-d ,; I Wall street. Liverpool and Japanet-c
7S7(i4on. .idvaiccrt dee r.-asc .1 s j,-, .,-,, tH u,.rc espei lallv pinniinent in
iiOO ; IniestniMiitr-elec reas-il id 2 010 nthei , ' i . h.lni. uliilc there una active
hecurliles itnreased 1.17 120 ouo nntc-s m , ""' rnrIy hu.vlng.wlnK there was n live
ireulaiion increnscel 70 nj ooo , ,i, ". I protit-toking on the advnnce by buyers
its dee i ii ! 17l'i7', 000 other ll.iljtll- of last week.
tics cie.rciiseu ,n-e iu.i , total Kold Julv was rpiaiiveiv rpiiet anci easy,
holdiiBs. 1.D91 (33.O0U
DIVIDENDS bECLARED
d ilden.l e f Ji nn
lllH.IHl Jlj , '.
i r
Ir
i.,
.. ..i. ,.frlms nt 41'J." and above from
interests that have been bringing the
staple from Norfolk.
The local trade was disposed to
sell the mnrket in tlip early aftPrnoon
and. in the nh-etice of Important fresh
demand pi h miskp'I oft In .". 1 015c for
(lidib.'i '" -I pninls beloii the lllill
liiel of tin iiioimng
MONEY-LENDING RATES
NKW MIIlK Money on call opened at
0 pel cent hiKb, ! . low, 8 ; last, .
ruling rate 8 per cent ,
Time munev todnv was 9 per cent
bid. with Utile or no funds available.
Tim high rati'B for both call and time
collateral loans obviouslv work &a "V
the market for prime mercantile P"."vj
and about all the paper that Is e'ns
purchased is helng taken by the country
banks .
These Intel ests are attracted towara
the higher rates on collateral loans in
Neiv Vork This accounts for the con
tinued firmness of mercniitllo discounts.
Paper of choice ciualliy Is quoted at
- ii. . r. .,.., sinmfi extra
choice material Is occasionally un
counted at 8's to 8l4 per cent.
23il0e
steers. J15 B0
Yearlings 115, BO
enivs I310 50:
7ii'
!:.
14'i
mi
ii'i.
I'd
2,
81
2ft',
CIO
1141,
21',
VS
117'.
M',
P7
2ft
HS
7".
as
70', 70'4
02 . IU4
ni'i H4',
1' IHW
l''l, (l'l'i
-'! 21
2.1 '-, 21 14
S5 SI
21 .'-,
21 J4
in :.'i
111 ', "HI..
HJ" ij'1
I'?", -IT',
M'a Si,
07 117
21 21
08, m
7', Ti
PS OS
American Gas Company
Two-YMur Convertible 7 Secured Gold Notes
Authorized and Issued
Cost Value of Stocks and Bonds securing
these Notes
.Income from these Stocks and Bonds.
Interest on the above Notes
$2,200,000
7,050,000
661,700
134,000
Price 98 and Interest Yielding 8
Pennsylvania Tax Refunded
Free of 2ro Income Tax
EDWARD V. KANE & CO.
Morris Building
head
in .10
I ,ei ,r n Pnltr I les I a
, m in. ill,, 1 , lire tir
r, I 1 ,1 I Jtl V 1 i
S ll Hill 1' nie n I. ! It I
m i i ,i, .Sit, nn r I ' -'.
Vii- I"
i ii ,ii in I i i I - . .
lor c.r I . pe.. em ll .r c rr.el ...utile , "'''. " . ,-,.. ,, l.t l. ns t ,i n "V.,"."!....' .'".!. .'""'" ..'. Vlir.. to
limuM - '" l oleics, or r j iuiv ji nruvy i.eo.e i..t,h"ih wr. ...t... .,, -'- i vvnil) commercial Jaer tiuiii o . . t
cuaiir.iT hi -., Il.r , nn(l OI1P lllill 1IICIIC3, IVCTIJ M1U11 uy I.e.: BIX Illunina la VUlUJt Ullisu fc .- - tm
I'llll. . 11)1.1. 1'lllA Call. 6 per cent,
time, fi per cent . commercial paper,
three to six months, 6 per cent.
(Note These are merely nominal
nuotatlons .is the legal rhte of interest
In the suit, of Pennsylvania Is nxec. i
Id tier i mi pi is iii.-niium and 'O';'-
inlFioii in . iioiicv for uniy ") inunj'
das Is lo.in.ng at 8 to sv per uoii.
u ,w. j II, flnlnif I i muririlv r.f 1. nt. i
j'uiy siT" "cord I official eastern belt detalli. and the iact ptr cent.)
LIVESTOCK QUOTATIONS
r'."Uff.tt'N': V" Ju,y -CATTLE-
...,.i. ... nr.o hlppln-
inn.i , nin,y niruns nnppn
urio'.'a. Dutcn.rs. JOftis,
aifl BO. heifer. I7l?r.ii
bull.. J10. .to.lc.Vs and feed er! sn?!
fresh cows and wringers icivmiSn''' J,"10.
.u.i... "nnn h.u,i i." .."'WIftn Calves.
'lioas-iteceip,".'' B4i.rK;.d"v1.;- ,.
2ftc hlsher. piss. ftOr hUher ,c, 'f",in in
017. mined 417 16W1T31 inrher. ynl"il?5
17.40. light do lie) ftoan M E t 'S?S
10 HO, rnuiihs. I1.T&13 2.1 ,.J , V.'JJS'21
ciii-Fll. AVn 1 ...,..la?s, ln10.
u..... ....icin llr.fj.e... maaa
year ns. I7i!i .. ..j!Rmu. T
10. ewes I34f0. mlxert .h.iV:'".i.. -il "yw
", ". down, 00
rtttsliursh, Ta., Jnh to pitti r t,
celpts, lNOO head Hl,,r LsiiT,. .i5S."
1H 30. heifer. I1 1 ftocfu eon. la sn'mi?
!..,. receipt. 180.) head0080;
iioas neeipt enno hefld in.,...
'nii' llftWioRO "'" 'ur""' "8C10.2S;
HIIKHP AND I.AMns nerelpts 4-.nn
hesd Htesrtj top sheep , " . "
lift ftO, lower ,u'' iacno.1
BAR SILVER
, UotiKBtlt Iwr sliver iids ntioted In
Sew Tork today at 00 ',c, unchiSaed:
forelcn was .o lower at 8844c In
Leondon, th prico wm 2d.
U
CHICAGO BUTTER AND EGGS
riileaso. Julv 19 HUTTKIt I'lrm
Creamcrj 44(ii'.iric
i;a08 Unsettled Receipts 12,(100 rsses
Firsts. 13 04 4 Ie. ordinary firsts 3rn.. m
40ic, at mark, rases Included. 4fttP4S', c
storaee packed extras, 4.1'ac. storane paiLej
tlrsts. 14'445c.
RAILROAD EARNINGS
PENNSYLVANIA ItAU.nOAI)
1020 In. r. ...
S10.4US, 1,11,1 J4K.2M
1,1)52,3111 R90.M1S
ft 7M.Mll S077 II
IPO 270.50.1 n.ftin on
2ll.107.linn 34,2llll,.17i
30 114 880 33 033(1
Mav stoh
Pellclt aftel taxes
Net oper deficit
Ktie inonihv' (cross
Deficit afler luxes
Net opei deficit
Tl
Toledo
rash
Alslke
Deremhe
1017, 15 40. 1018
tember IS 73
Cloverseed
Jul) 10 Cloierseed
s.,, .... jui, iii -!inflrvepci nr me
I2i. Ovtobsr 124 lft, December, lliTo
'. pr,nJn, .'''. 123. October, 123 sj
".Vin'nK .71.'J?,,i'.!i:.l,rJm. Cash'
..1 mi mm, .9 an, fjf,).
GOVERNMENT BONDS
nid
1 no';
inn',
iuou
I Ml.',
77
ranama coupon 2s, 192(1
Panama registered 2s 1031
ranama loupon .'1. I03S
nnHint 1 -ii tp,j ji iri.is
Panama iiipon , Ku.l
Panama isNtceci 3s lo.tl
I'hlllppln ( 1011
1 hlilt-pin I. 111.1
1'hlllpnlns 4i 1030
IT 1, Clf, rtt.nnn n. ,AA
. -... UIUI'UU .1, ,U.,.I . HIU".
ti 8 Oovt reclstcred 2s. )OS0. . 100'i
U B aovt eupon 4, It25,,,,j8j
7S
7
Kill',
Ask
101',
101 ',
1'H'a
leii'j
SI
hi
lulM,
ini',
In Partnership
"We're going to take this bank into partnership
with us," two young men told us several ycais ago.
Every move they made was talked over with
us in advance, and our broad experience was of
gicat help to their successful enterprise.
An exchange of confidences is alwas mutually
helpful. Come in and.havc a talk with us.
National Bankf Commerce
in PMladelpKia
713 ChGstruit Street
Wathan T.FoJwcJJ.J'seajdcnt
k
V
2lL
f-1
snitxirt
Lillt'it it4i..i..
' M.r,i
&-&2i;-fii'iijtY
m j. .&.!. -, r, jJiA'&f
M&..mx.it
i
&?h',
. utAit. , 1
A
WwifoM
t1